My 2024 Hive Financial Goals
As we get to the end of the year I have been focused more on setting my goals for 2024. I recently have mapped out the HBD interest rate for a few metrics. My goal for the end of this year has been to have 23000 HP powered up and 2300 HBD in savings and I have that easily made. I just looked at my metrics and found that I am increasing my account HP by an average of 15/day. I will set the actual numbers on the 1st but this is what my HP forecast looks like for the year if I maintain the current rate. I'm not sure I will be able to make 30K so will probably have to suffice with the 28475 I have forecast.
I can see that I will start the year with 2310 HBD in savings and my goal is to put 3 HBD/day into my savings. With the daily deposit I am adding to the amount that gets interest so I am able to maximize my interest earnings.
The addition of 3 HBD per day increases the interest payment by .02-.03 per day and starting the year out at 1.266 per day I will end at 2.2 per day.
At the 20% interest rate these are the required amounts to get the daily rate and subsequent monthly income. In chart 2 above it shows that January will net 40 HBD in interest and 67 HBD by December which is a 60% increase. Over the year at 3 HBD/day I will have paid in 1095 HBD to savings and will have accrued 622.89 HBD by the end of 2024.
This year I have been trying hard to dump all the tokens I can into their diesel pools. On January 1st 2023 I had $133.38 worth in the pools, now I am at about $375 worth.
I don't know what my average daily input is now into the pools but since November 1st I have increased liquidity by about $75. If I can be sure to add at least $30/month of liquidity I will double my current liquidity by the end of the year.
I post at least twice per day and have been for a while. I know I have been posting daily since about June of 2020 but resumed Actifit later. I will continue the minimum 2 posts for the entire year and am going to make sure I get the yearly author badge. With Actifit I have my rewards set to reward.app so I get it all liquid each day. I'm using this so shuttle into my BTC lightning wallet and am doing well building it up just in the last month. I haven't got any metrics as it gets the leftovers after I put my 3 HBD to savings each day.
All these numbers are seemingly within reach for me as I have tried to keep my goals moderate, plus this hinges on the rate staying 20%.
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Inspiring! Im just curious, whats the importance of a badge? Ive seen people's goal including having a badge but im not sure what it is for. Enlighten me please hehe
The badges are on https://hivebuzz.me/ and have the record of your activity on the chain. Go check yours out. For me it is just about having the proof of activity with the badge since this is the first year it is being awarded.
This is a nice plan for 2024
You’re doing well
Keep it up!
I have the same goals to work hard on this platform and accumulate HP but due to lack of good job I have to withdraw money.
The great thing is that you are able to use your income here to help you irl.
Wow mad organization here! I wish I was this organized. My wallet goes up and down 😑 This year I'm exchanging some Hive for bicycle tools (gonna save me on mechanic bills later). Let's see if I make it past the 1500 Hive in 2024... everytime I get close something happens and it goes back down
It helps that it's cold and winter now so I have the time to be this organized. One of the things I love about Hive is that people are able to use it in so many fashions from those who use their earnings to support them day to day irl to those like me who sees it as a savings for future.
Yup, it's a very useful crypto indeed. And transacts immediately, without any significant fees, which is also cool. I also like to use some Hive to generate new content, so most of the times it pays for the post and returns to Hive.
I've started using V4V.app to shift some excess from hive to Lightning since it has the lowest fees of BTC. Trying to diversify a little bit more.